2020-3-22 03:00 |
The man behind the new Aussie dollar stablecoin, said the big four banks were not “allowed” to hold the fiat reserves for the cryptocurrency
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When Satoshi Nakamoto invented Bitcoin, the creator designed the protocol to be an inflationary currency, one that is predictable as bitcoin’s inflation always decreases every four years. Today, 77 days before the reward halving, BTC’s inflation rate is around 3.
2020-2-26 02:45 | |
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Coinstelegram wrote about the forecast, in which the future development of crypto is associated with a “bitcoin banking”. More and more evidence is coming that bankers are mastering the crypto industry.
2019-11-14 14:00 | |
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The U. S. Internal Revenue Service (IRS) has revealed the agency is cracking down on “dozens” of cryptocurrency users evading taxes. The IRS has partnered with tax agencies from four other countries in order to make sure tax enforcement strategies are being applied across the map.
2019-11-11 22:00 | |
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Analysts state that Chinese banks are struggling under the weight of their bad loans, and in response, the public is turning towards alternative payment methods such as bitcoin. Four banks have been quietly nationalized over the last few years, they are Baoshang Bank, Bank of Jinzhou, and Heng Feng bank. It’s possible that the economic […]
2019-11-3 18:36 | |
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The Commonwealth Bank, one of the “big four” Australian banks, has suffered a major outage that has left its more than eight million customers affected. Meanwhile, it is urging customers to be vigilant for scams.
2019-10-17 18:16 | |
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Facebook sent the world into a frenzy when it announced its intention to enter the payments space with the launch of its controversial ‘cryptocurrency‘ Libra earlier this year. Initially, Facebook said it had garnered support from 28 companies, including some of the world’s top financial and technology giants.
2019-10-15 19:46 | |
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The Reserve Bank of India had restricted the banks from processing any cryptocurrency transactions, that caused inconvenience to many crypto holders in the country. Following this ban, many took to the legal route and filed a petition against this ban, which is being heard in the Supreme Court of India.
2019-9-22 14:00 | |
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In this series on Bitcoin and money, Crypto Briefing takes a deep dive into the complexities of the modern monetary system and how Bitcoin, as the ultimate hard money, can serve as a solution to many of its problems.
2019-9-14 20:52 | |
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Welcome to CHEAP, our series about things that are good, but most of all, cheap. CHEAP! If you ask any tech reviewer about top camera phones out there, almost every one of them will mention Google’s Pixel 3.
2019-9-3 14:18 | |
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Awa Bank, North Japan Bank, Third Bank, and one other bank joins MoneyTap The tally of banks rises to 29 banks One of the leading banking partners of Ripple, SBI Holdings has added four new banks as the shareholders in MoneyTap, bringing this tally to 29 banks.
2019-9-1 18:56 | |
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The price of XRP is lulling at $0.256 as Ripple is allegedly preparing to sell $1 bln worth of its native token
2019-9-1 14:35 | |
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The People’s Bank of China (PBOC) will roll out China’s sovereign digital currency, DC/EP, as early as November this year, distributing it to seven institutions including Alibaba, Tencent, and the four largest banks in the world, two separate sources told Forbes.
2019-8-28 13:10 | |
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Bank of China (BoC), one of the four largest government-owned commercial banks in the country has released an infographic aimed at creating awareness about the world’s flagship cryptocurrency, Bitcoin (BTC).
2019-7-30 09:00 | |
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We went undercover to try and open accounts at four of the largest U. S. banks, telling them ahead of time that we would use the account to buy and sell Bitcoin on Coinbase. The verdict is in—personal accounts are at risk of being closed, and accounts for cryptocurrency-related businesses are outright prohibited.
2019-7-24 21:58 | |
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Coinspeaker Australian Top Banks Join Scentre, IBM to Outstrip The Paper Bank Guarantees Using BlockchainThree of Australia`s giant four banks have partnered with Scentre group and IBM to outstrip the paper-based guarantee technique, designing a blockchain network that will potentially intensify the agreements.
2019-7-4 16:22 | |
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Bank of Ireland, AIB and Ulster Bank, are using a Deloitte blockchain system to verify and track employees' credentials.
2019-5-30 13:00 | |
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The technology is always moving forward, so financial institutions cannot get behind the times. Recently, a group of four banks (DekaBank, DZ Bank, Dwpbank and Helaba) has decided to start a new blockchain-based initiative.
2019-5-23 01:39 | |
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A group of four banks have successfully issued a promissory note, a type of legally binding loan agreement, through a new blockchain platform
2019-5-22 19:24 | |
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Tether has taken a lot of heat for admitting it is running a fractional reserve. There’s no doubt that Tether’s unregulated nature makes this approach risky and that its lack of transparency is unsettling, but the entire modern banking system is architected on fractioned assets.
2019-5-13 16:37 | |
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Within the sphere of traditional finance, at least, crypto has a custody problem. The problem? Crypto is complicated, security is tricky and — if we’re being frank — the suits don’t know a bit from a byte (or a blockchain from a cloud server).
2019-4-12 22:03 | |
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Trump and other world leaders have been named and shamed in the recent Fitch ratings report. Slowing global economic growth coupled with governments’ relentless interventions are eroding central banks’ independence around the world.
2019-4-10 16:00 | |
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The world’s newest sovereign state Liberland announced a partnership with Crowdholding, a blockchain-backed platform designed to improve communication and insights between startups and the public.
2019-4-10 23:00 | |
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Cryptocurrency bull Tim Draper has fired a shot at the chairman and CEO of JPMorgan Chase, Jamie Dimon, nearly two months after the big four U. S. bank announced the creation of a digital currency known as JPM Coin.
2019-4-8 17:45 | |
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The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities.
2019-3-28 18:00 | |
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Since July 2018, due to a circular released by the Reserve Bank of India (RBI) in April, local banks were prohibited from dealing with bitcoin and cryptocurrency exchanges by the central bank. Last month, the Supreme Court of India provided the government four weeks to draft a cryptocurrency regulatory framework, which would decide the legal landscape of the cryptocurrency market in India for the foreseeable future.
2019-3-26 08:30 | |
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The Supreme Court of India made a decision on February 25, 2019, to present the government with an ultimatum: Develop crypto regulations within the next four weeks or the court will make its own judgement.
2019-2-26 22:02 | |
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Four banks based in Iran have united to create a cryptocurrency backed by gold which will be called PayMon. According to the original reports, which were made by the Financial Tribune, the asset was created via a partnership of the Bank Pasargad, Bank Mellat, Parsian Bank and the Bank Melli Iran. This new crypto will […]
2019-2-6 00:24 | |
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A gold-backed cryptocurrency called PayMon has been released by four banks in the Islamic Republic of Iran
2019-2-5 18:39 | |
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Another country that faces a financial crisis due to the US sanctions issues its own national cryptocurrency. A group of Iranian banks presented a PayMon pegged to gold. Islamic revolution in digital Four Iranian banks (Bank Mellat, Bank Melli Iran, Bank Pasargad, and Parsian Bank) presented PayMon cryptocurrency, each coin of which is backed to gold reserves.
2019-2-8 17:22 | |
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Four Iranian banks have reportedly teamed up with a blockchain startup to launch a gold-backed cryptocurrency called “PayMon.”
2019-2-5 15:20 | |
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The Islamic Republic of Iran recently launched a gold-backed crypto coin called the Peyman. It has come about due to cooperation between the Ghoghnoos Company and four banks. These four banks are Bank Pasargad, Persian Bank, Bank Mellat, and Bank Melli.
2019-2-1 20:08 | |
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22 months since Wells Fargo suspended the processing of withdrawals sent by four Taiwanese banks that service Bitfinex, the platform remains among the top 20 exchanges by adjusted volume. While Bitfinex hosted more than $5 billion in trade this past month, the exchange has struggled to establish reliable banking partners, with traders seeking to deposit […] The post Bitfinex Partnered With at Least 6 Different Banks During 2018 appeared first on Bitcoin News.
2019-1-29 13:00 | |
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Laundering funds with cryptocurrencies in South Korea could soon become a thing of the past if four of the country’s exchanges have their way. According to a local media report, Bithumb, Upbit, Corbit and Coinone have cobbled together to share ‘real-time’ wallet information on any suspicious activity linked to phishing attempts and pyramid schemes.
2019-1-28 20:10 | |
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Visa Inc is paying $250. 6 million to buy Earthport Plc, a cross-border payment platform for banks and businesses that are also partners of Ripple. The stock deal, in which the Visa unit offered 30 pence for each Earthport share, gives the U.
2018-12-28 16:53 | |
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A recent paper report from KPMG, one of the Big Four auditing firms, says this about the cryptoassets industry: “Cryptoassets have potential. But for them to realize this potential, institutionalization is needed.
2018-12-17 20:23 | |
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Four Banks Complete Commercial Paper Transaction Of $100,000 EUR On R3’s Corda Blockchain The Corda blockchain, developed by the R3 tech conglomerate, is getting more and more widely used. Now, four European banks (ING, Rabobank, Commerzbank and Natixis) have settled transactions using the platform.
2018-12-6 22:29 | |
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Four European banks, including Commerzbank and ING, have settled a live commercial paper transaction worth ˆ100,000 on R3's Corda blockchain.
2018-12-6 17:30 | |
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The European Commission is launching a new blockchain association next year and major banks are invited to join it. BBVA, Spanish banking giant, announced that it and four other banks have joined the EC’s planned International Association for Trusted Blockchain Applications (IATBA), which could be a legal entity as early as first quarter of 2019. […]
2018-11-24 19:43 | |
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‘Big four’ accounting firm KPMG has just asserted that cryptocurrency assets, like Bitcoin, are simply not ready to be classified as real currencies – and that using Bitcoin as a store of value is a “fool’s errand.
2018-11-15 13:36 | |
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The leading partner with Ripple, Santander has now teamed up with SWIFT to go live in four countries including, Poland, the UK, Spain and Argentina. The banking giant will be using SWIFT’s Global Payments Innovation GPI technology for cross-border payments.
2018-10-12 11:30 | |
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Traditional venture capitalist (VC) investments are leveraging the decline in initial coin offerings (ICO) as the cryptocurrency industry tries to find bearing amid regulatory shifts and losses across the crypto markets.
2018-10-3 19:39 | |
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According to reports out today, the Bank of Communications, one of the four major state banking groups in China have completed a major transaction on the blockchain, one that has seen the issue of residential mortgage backed securities (RMBSs) on a blockchain network.
2018-9-27 14:00 | |
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Seven months ago, the government in Korea brought in a new ‘crypto real-name system’ however, there is only up to 50% of accounts that have been converted into real-name ones, even in the top four cryptocurrency exchanges for Korea.
2018-9-11 13:00 | |
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South Korean banks are reportedly taking measures to limit services for customers who are not using the real-name system. It has been over seven months since the Korean government introduced the crypto real-name system, but only 40-50% of accounts at the country’s top four cryptocurrency exchanges have been converted into real-name ones, according to local […] The post Korean Banks to Limit Services for Crypto Traders Without Real-Name Verification appeared first on Bitcoin News.
2018-9-11 10:35 | |
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Just a month after Coinbase announced that it would support UK banks on its platform the crypto exchange is now launching GBP trading pairs. The post Coinbase Announces Four New GBP Crypto Trading Pairs appeared first on Ethereum World News.
2018-9-7 14:32 | |
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Australia’s Commercial Bank (CommBank) has partnered with the World Bank Group to offer a bond over the blockchain technology. In a statement released on Friday, the bank which is among the top four largest commercial banks in Australia informed the public about the partnership.
2018-8-10 23:03 | |
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One of the "Big Four" commercial banks in China has completed the issuance of a loan worth of $300,000 using a blockchain system.
2018-7-31 09:00 | |
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One of the "Big Four" commercial banks in China has completed the issuance of a loan worth $300,000 using a blockchain system.
2018-7-31 09:00 | |
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“We have nothing to hide,” says Tory Reiss, VP of corporate development at TrustToken. Like the market’s most popular stablecoin, Tether, TrustToken's TrueUSD is fiat-collateralized.
2018-7-26 18:55 | |
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Court approves Genesis Global's plan to distribute $3 billion to creditors, rejecting Digital Currency Group's objections. The post Genesis wins court nod to return $3 billion to creditors appeared first on Crypto Briefing.
Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures […] The post Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end appeared first on CryptoSlate.
Senator Elizabeth Warren described support for the SEC’s Staff Accounting Bulletin (SAB) 121 during a senate hearing on May 16. Warren asserted that the bulletin, which applies to companies that deal with crypto, is designed to provide accounting guidance.
Oklahoma has become the first US state to legally protect the right to self-custody Bitcoin after passing a new bill. The newly signed legislation ensures that residents can hold, control, and use digital assets without state interference.
Quick Take Bitcoin went above the $67,000 mark, nearly hitting $67,500 — its highest level since April 13. The remarkable rally has triggered a wave of liquidations within the digital asset ecosystem over the past 24 hours.
Binance exec Tigran Gambaryan denied bail by Nigerian court, faces money laundering and tax evasion charges. The post Nigerian court denies bail and allows Tigran Gambaryan to stand trial on behalf of Binance appeared first on Crypto Briefing.
The bill aims to introduce a licensing scheme for crypto firms, which will be handled by the CMB and bring the firms under the regulator's scope.